Robert Wayne Drummond Jr - Jan 4, 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role
President & CEO, Director
Signature
/s/ Kevin McDonald, Attorney-in-Fact
Stock symbol
NEX
Transactions as of
Jan 4, 2023
Transactions value $
-$1,180,727
Form type
4
Date filed
1/6/2023, 06:45 PM
Previous filing
Jan 5, 2023
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise +330K +24.04% 1.7M Jan 4, 2023 Direct F1
transaction NEX Common Stock Tax liability -$1.18M -140K -8.21% $8.45 1.56M Jan 4, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEX Restricted Stock Units Options Exercise $0 -330K -24.92% $0.00 994K Jan 4, 2023 Common Stock 330K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of NEX common stock.
F2 On January 4, 2021, the Reporting Person was granted 999,821 restricted stock units, vesting in ratable installments on each of January 4, 2022, 2023 and 2024.